William “Bill” Halford has made his first deal at Bixby Land Co.
The privately held real estate investment trust, which recently moved from Long Beach to Newport Beach, just finalized an $18 million industrial complex buy in Ontario.
Bixby acquired the Archibald Business Center, an 18-acre center from South Korean consumer electronics maker LG Electronics Inc. The industrial complex is about five miles from Ontario International Airport.
It’s the company’s first deal since Halford took over Bixby’s reins in April. Halford, who’s Bixby’s chief executive, previously headed The Irvine Company’s office division.
More acquisitions are on the way. Bixby has made offers for three more properties, all in the Inland Empire, Halford said.
“We are actively pursuing new deals,” he said.
For more on this story see the July 10 edition of the Business Journal.
